Supplier Onboarding & Diversity Compliance For Contracts
Deliver Frictionless Onboarding for Suppliers and Vendors to Streamline Compliance and Increase Business Agility
The Challenge
Fragmented processes for supplier onboarding are slowing organizations down
Supply chain upheavals across the globe are disrupting long-standing commercial relationships, requiring companies to quickly find new suppliers for the goods they need to operate. Quickly identifying and onboarding these suppliers while ensuring they comply with internal and jurisdictional rules—including company initiatives and regulations regarding diversity—is critical to thriving in today’s business climate. Supplier onboarding has traditionally been a cumbersome and time-consuming exercise, impeding fast supplier onboarding and effective risk management.
The Solution
Icertis Supplier Onboarding and Diversity Compliance application
The Icertis Supplier Onboarding and Diversity Compliance application, powered by the Icertis Contract Intelligence (ICI) platform, allows organizations to quickly identify suppliers and rapidly onboard them. It also provides capabilities for collaboration with suppliers to ensure they are compliant with organizational policies and regulations, thereby reducing supplier risk.
Featured Testimonial
“Our mission at Elkem is to contribute to a sustainable future by providing advanced silicon, silicones, and carbon solutions, and adoption of new digital capabilities is a central part of our strategy. We saw a significant opportunity to compete more effectively in our global markets by connecting the data in our contracts to commercial and supply chain systems. Icertis’ advanced capabilities will drive analytics-based decision making and additional commercial opportunities as we continue to grow.”
Ole Garborg
The Benefits
Simplify onboarding. Improve compliance. Optimize performance.
Contracts are the foundation of a company’s relationship with its suppliers, and hence they are an excellent basis for organizing a holistic procurement and supply management strategy including pricing, timeframes, specifications, SLA performance requirements, and so on.
Next Steps
Explore Icertis Contract Intelligence
Icertis Contract Intelligence
Standardize, streamline, and automate every contract – everywhere
Transforming contracts into structured, connected, and on-demand data is just the beginning. Discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.